Education : B-Tech Tier 2
YOE : 3 Years
Company : Amazon
Level : SDE 2 (L5)
Location : Bangalore
Salary : 35,00,000 INR
Signing Bonus : 16,00,000 INR for the 1st year. 12,00,000 INR for 2nd year.
Stock Bonus : 20 RSUs over 4 years (1 + 3 + 8 + 8)
Total Compensation : ~53,00,000 INR for the 1st year (Base + Bonus + Stocks).
Previous Compensation : 36,00,000 INR (25,00,000 INR Base)

Should I try to negotiate on the above offer? I've heard that the base of SDEs has been recently revised (jumped up by ~40%). I currently do not hold a competing offer (but awaiting final result from Google).

Thanks in Advance!